
tt6_5.3_annumities_and_pensions_4-2-2014.pdf |
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2/4/2014 01:10:42 pm
Sir since you have to convert 3 years into months, does that also mean that there will be 360 terms?
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Mr R
2/4/2014 01:31:24 pm
Yes. 30 years = 360 months of installments
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,
2/4/2014 01:11:20 pm
*30 years
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?
2/4/2014 01:21:48 pm
Sir I don't understand how to do that Q you gave us sorry.
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Mr R
2/4/2014 02:00:16 pm
Solution now uploaded
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Siobhan
2/4/2014 02:01:40 pm
Sir, if the percentage rate is in scientific notation how do you get the decimal rate ?
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Mr R
2/4/2014 02:57:30 pm
eg. 2.33 x 10^-3 = 0.00233
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